Loan Against Property

Benefits of Loan Against Property

  • Fulfil your financial needs by getting a loan from the bank / NBFC against the mortgage of your property.
  • Available for Self-employed and Salaried profile
  • The property will be kept as security against the money advanced and the borrower have to pay monthly EMI's for the agreed Tenure which can be maximum up to 20years.
  • Collateral can be residential / commercial / Industrial property
  • Eligibility is determined on the basis of income of customer and assessed market value of the property.
  • The money can be used for working capital for business, expansion of Business, Purchase of another Residential, Commercial or Industrial Property, Working Capital for Business, Debt Consolidation etc.

Types of Loan against Property

Normal LAP product

Drop line Overdraft

Lease Rental Discounting